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(Salsteel) Salsteel complete technical analysis [charts+indicators] | Buy/Sell Salsteel | (Salsteel) share price targets

Complete technical analysis of Salsteel (Salsteel) by charts plus indicators, forecast predictions and share price targets for Salsteel (Salsteel)

10 day averaged volume of Salsteel is 22738

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 25.21 25.51 25.60 24.98 1.03 times
18 Mon Nov 2024 25.41 24.75 25.67 23.55 0.23 times
14 Thu Nov 2024 24.26 23.94 25.01 23.94 0.503 times
13 Wed Nov 2024 24.02 25.77 26.21 23.89 3.052 times
12 Tue Nov 2024 26.13 27.98 27.98 25.75 0.439 times

My analysis of stock is bearish for shortterm, and stock might move down till 24.7 or till 23.5. Use a stoploss of 25.7 and if the stock hits stoploss, then it can shoot up till 26.7

Share price targets for Salsteel (Salsteel)

Target Type Value
Downside Target 18.05
Downside Target 19.36
Downside Target 21.55
Downside Target 23.55
Upside Target 25.39
Upside Target 26.42
Upside Target 26.81
Upside Target 27.98
Upside Target 29.00
Upside Target 29.95
Upside Target 31.17

Intraday share price targets for Salsteel (Salsteel)

Target Type Value
Downside Intraday Target 23.95
Downside Intraday Target 22.69
Upside Intraday Target 26.07
Upside Intraday Target 26.93
Downside Intraday Target 24.81

Weekly technical analysis of Salsteel (Salsteel)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 25.21 24.75 25.67 23.55 0.295 times
14 Thu Nov 2024 24.26 26.21 27.98 23.89 0.875 times
08 Fri Nov 2024 26.80 26.00 29.00 25.39 1.545 times
01 Fri Nov 2024 26.04 24.27 26.42 24.20 0.534 times
25 Fri Oct 2024 24.71 26.05 26.81 24.17 1.462 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Salsteel (Salsteel)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 25.21 25.00 29.00 23.55 0.388 times
31 Thu Oct 2024 25.10 27.80 29.95 24.17 0.402 times
30 Mon Sep 2024 27.48 23.50 31.17 21.55 1.738 times
30 Fri Aug 2024 23.11 21.63 25.79 18.05 1.817 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Salsteel (Salsteel)

Indicator Name Indicator Value Indicator Signal
ADX 14, 18, 12 Sell
MACD -0, 0Sell
Stochastics 24Sell
CCI -55Buy
RSI 51Buy
OBV -80599Sell
VWAP 26Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Salsteel ( (Salsteel) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Salsteel ( (Salsteel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Salsteel ( (Salsteel) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Salsteel ( (Salsteel) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Salsteel stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Salsteel in short term and the sell signal is strong.

Salsteel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Salsteel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Salsteel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 25.8 and Salsteel (Salsteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Salsteel (Salsteel) stock. Volume based technical analysis of Salsteel (Salsteel) stock is negative.

Salsteel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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